The state's largest business lobby released a report Wednesday that says state spending has jumped 153 percent since 1992 outpacing population growth, inflation, and median household income.

A Connecticut Business and Industry Association report says state employee health benefits have grown 981 percent, debt service has increased 204 percent, Medicaid is up 180 percent, state employee pensions are up 583 percent, and spending on the state's corrections systems has increased 178 percent since 1992.

The report concluded that the state's budgetary shortfall is not "simply a function of an underperforming economy but also the product of state spending policy."